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Hannah Cho, a director at Riot Platforms, Inc. (NASDAQ:RIOT), has recently sold a portion of her holdings in the company. According to a recent SEC filing, Cho sold 12,000 shares of the company’s common stock on March 14, 2025. The shares were sold at an average price of $7.70, amounting to a total transaction value of approximately $92,400. The sale comes as the stock trades near $7.40, significantly below its 52-week high of $15.87. According to InvestingPro analysis, analysts maintain price targets ranging from $13 to $23, suggesting potential upside despite recent volatility.
Following this transaction, Cho’s direct ownership in Riot Platforms stands at 59,265 shares. The sale was executed through a series of transactions, with prices ranging between $7.70 and $7.71 per share. The company, with a market capitalization of $2.6 billion, appears undervalued according to InvestingPro Fair Value metrics. For deeper insights into RIOT’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
Riot Platforms, a company involved in the finance services sector, continues to be a notable player in the crypto assets industry. The company, previously known as Riot Blockchain, Inc., is headquartered in Castle Rock, Colorado. Despite recent price volatility, the stock has demonstrated strong returns over the past five years, maintaining a healthy current ratio of 3.74 and operating with moderate debt levels.
In other recent news, Riot Platforms reported a significant increase in its Bitcoin mining revenue for the fourth quarter of 2024, reaching $123 million, marking a 105% year-over-year surge. This was accompanied by a 34% rise in total revenue to $376.7 million for the year, and a positive net income of $109.4 million, a turnaround from a net loss in 2023. Despite these strong financial results, Riot Platforms’ stock price target was adjusted by Cantor Fitzgerald to $21 from $23, while maintaining an Overweight rating, citing continued revenue growth expectations. Meanwhile, Needham also revised its price target for Riot Platforms to $13.50 from $16.00, maintaining a Buy rating, after the company missed adjusted EBITDA expectations due to higher SG&A expenses.
Riot Platforms has been actively pursuing opportunities in artificial intelligence and high-performance computing (AI/HPC), particularly at its Corsicana facility, which could host AI-focused data centers. The company anticipates a hash rate goal of 38 exahashes per second by the end of 2025, reflecting a strategic focus on expanding its operational capacity. H.C. Wainwright maintained its $17 price target and Buy rating, expressing confidence in Riot’s strategic direction and potential growth from AI/HPC sectors. Riot Platforms’ CEO, Jason Les, highlighted the company’s ongoing improvements in operational efficiencies and its focus on AI/HPC processes, with strong market demand observed. Additionally, Riot Platforms announced participation in upcoming technology conferences and continues to expand its workforce to support its growth initiatives.
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